Buy Buy Buy or Sell Sell Sell?

[ruykeri]

I think people are being scared of buying bitcoin now probably they feel that the price of bitcoin is now expensive, I think it might be people who aren’t interested to invest bitcoin for a long term goal, who might be interested in quick profit in bitcoin, why should I feel that that the price of bitcoin is expensive when there is DCA for me to invest and continue accumulating constantly on weekly basis or monthly basis depending on when I have a discretionary income

Well is not their fault though many that does not understand Bitcoin potential will definitely feel such way not having interest and same time the price to high and stuff , most us here where once like them but thank God we where able to see the beauty of Bitcoin on time so that we can make good use of the opportunity. This is why advice or rather urge folks to always research more while accumulating Bitcoin it will strengthen them more and same time motivate them not to give up.

It's actually their fault if you consider all the facts, yes at some point in their lives they were not aware of bitcoin and the potential success they stand to gain from investing in it but then over time they learnt about bitcoin but are not refusing to invest because they don't think the price will get any higher than it already has believing any further investment to not be fruitful especially for new investors so for this reason they decide to not invest at all and when bitcoin eventually proves them wrong they usually start feeling bad but with every DIP they are like "I knew the price wasn't going to stay that high" it's definitely their fault for missing out on bitcoin, no investor should expect everything to be handed to them on a platter, progress takes time and effort, success in bitcoin investment doesn't come overnight, it takes patience and consistency for it to bloom and only those who waited with it will stand to gain at the end of the day.

Those who have not invested in Bitcoin in the past due to unknown or uncertainty. They are the ones who are not starting to invest yet under the pretext that the price of Bitcoin has increased and less Bitcoin is available for more money. This is their failure.Those who have been holding Bitcoin since 10 years ago, investing $20 or $30 a week regularly, now have more than 1 or 2 Bitcoin. They got hundreds of times more profit than their investment because they had been investing by following DCA from the beginning. But now if someone starts investing $200 or more every week regularly, it is still uncertain whether they will own a Bitcoin after ten years because the price of Bitcoin is currently very high and it will increase much more in the future. But  It would be a completely negative thought to think that Bitcoin cannot be invested now with less money. In fact, what is more important than how much Bitcoin we will have in the future is how many times more profit we will get from our investment in the future if we hold it for a long time like 10 year.Let's say someone starts investing $50 per week in Bitcoin for 10 years and in the future, as their discretionary income increases, they may continue to increase their investment. And in 10 years, Bitcoin will probably be worth 10 to 15 times more than it is now, resulting in a profit option of about 5 to 8 times more than his total investment, I think. So we should focus on how early we can start investing in Bitcoin and plan for it over the long term. This is the chance of success for us. So the important thing for us is how quickly we can start investing and how long we can continue it  with DCA.

[Gallar]

You will only feel that way if you are considering to trade your Bitcoins. Also its so hassle to deal with many sentiments and market movements that's why its actually not idea to trade you Bitcoins because its risky to do this actions or decisions.

With different stances in a same market, and even with same capital spent in a same market, you will have different ways to go as either an investor or a trader with long term or short term strategy. Hence, your psychology with your position would be very different as well, and unfortunately it decides your actions and how you deal with the market.

If you have short term vision, short sighted plan, you will be affected by news, FUDs, and market volatility and it in turn increases your mistakes in action. Oppositely, if you have long term vision and corresponding plan, you will almost not be affected by news, FUDs, and short term volatility so you will have stronger hands to hold your bitcoins for a long time and wait for great profit.

Trading bitcoin in a short-term context is certainly not recommended. Because as you said, short-term bitcoin traders or holders are easy to be swayed or affected by negative news about bitcoin or by price fluctuations. So with this, I also feel that being a trader in bitcoin is certainly not an option, but only a trap. Because of course there are a lot of traders who experience losses, even though bitcoin is traded. In addition, sometimes even long-term bitcoin investors, not a few are late by negative news about bitcoin, so if we see about this, of course the traders will be more vulnerable to being disturbed. So with this, it is better for us to be patient with long-term investments, rather than having to speculate or trade and having to sacrifice our money. So don't let us be made with instant results, because of course it is not healthy.

[Makus]

Trading bitcoin in a short-term context is certainly not recommended. Because as you said, short-term bitcoin traders or holders are easy to be swayed or affected by negative news about bitcoin or by price fluctuations. So with this, I also feel that being a trader in bitcoin is certainly not an option, but only a trap. Because of course there are a lot of traders who experience losses, even though bitcoin is traded. In addition, sometimes even long-term bitcoin investors, not a few are late by negative news about bitcoin, so if we see about this, of course the traders will be more vulnerable to being disturbed. So with this, it is better for us to be patient with long-term investments, rather than having to speculate or trade and having to sacrifice our money. So don't let us be made with instant results, because of course it is not healthy.

While others learn from their experience that short term trades isn't what people claim it is, there are also more people getting to start their investment using short term trading because some unprofitable traders who get luck and made small profit out of all the loses they've made told them trading is profitable whereas it was just a trap because there is no level of experience that can make you accurately profitable from trading or even close to profitable experience that's similar to those holding for long-term. Those who trade bitcoin have very slime chances of making profit because the market is something we cannot predict accurate and along the bullish movement we see today in the market chart there are lots of bearish moves that make a trader run at loss. Which is why long-term investment happens to be the best investment choice because those who happens to be busy can participate without having to watch chart all day or even make analysis on an entry price level. And this is where the DCA strategy comes in, buying once in a month, 2 times a month, 4 times a month depending on how comfortable and flexible you'll want your strategy to be.

[Cgrexp]

 Great point you’ve made! Bitcoin fundamentals like scarcity, decentralization, and potential as a store of value has been acting as major anchor when the market gets chaotic. Despite the countless death predictions of Bitcoin, its durability has proven its strength. However, risking what you can afford to losing it’s a key point, it isn’t just financial discipline I can say it’s another level of physiological resilience and confidence thereby giving one ability to perform under pressure when the market faces dip. And patience is also another key factor when investing in Bitcoin

Bitcoin really is a psychological game as much as it is a financial one. That ability to stay calm when the candles turn red, to zoom out when the noise gets loud, and to trust the fundamentals when doubt creeps in and  that is where real conviction shows......Scarcity, decentralization, and the consistent survival through every Bitcoin is dead headline......these are not just buzzwords, they are proof of a resilient system. But like you said, investing only what you can afford to lose is what separates thoughtful investors from emotional wrecks. It is not also about being fearless, it is  about being prepared. Patience and discipline are not optional in this game, they are  your armor......

You will only feel that way if you are considering to trade your Bitcoins. Also its so hassle to deal with many sentiments and market movements that's why its actually not idea to trade you Bitcoins because its risky to do this actions or decisions.

The limited supply make it more scarce in future and that means there's good future will come on holders especially those accumulation made by lots of people including those institution and government doing it. So buy Bitcoin now and see what future would bring to you. Bitcoin long term investment is so simple and don't let other things make your life hard so accumulate and aim for long term.

Bitcoin is a game of patience. Holding on to time, staying steady under pressure and having faith. Bitcoin is not just a game of money. Its price will fluctuate but it is a wrong decision to think of selling out of fear. I am not in favor of trading from my personal position and thoughts. Trading involves mental stress. Watching the price every day, checking the market fluctuations every day, thinking when to buy, when to sell. Finally, if you make a little mistake, you will end up with extreme losses. Yes, there are many who are making profits from trading, continuing to trade, but most people face losses. If someone does not check the market every day, wants to stay mentally calm, and wants to get something good in the long term, then long-term investment through DCA is the best way to invest than trading.
Suppose a person invests $100 per month through DCA. Even though the price of Bitcoin fluctuates, he buys regularly, as a result, his total investment in a year stands at $1,200. At the end of the year, the price of Bitcoin increased by 20%.  So in that one year, his profit was about $240 and the total investment amount including profit was $1,440. On the other hand, a trader started trading with $1,200 at the beginning of the year. He made profit and loss at different times. After adding up the profit and loss, it was found that he had $900 in his hand. He lost about $300 in that year.
The same amount of money at the same time, but the amount of profit is different for two people. Basically, the person who invested in the DCA method will increase the amount of profit he made in one year by several times if he continues for at least 5 years. On the other hand, the person who started trading faced losses. Therefore, the safest way to make profits is to make patient and planned investments. To become a smart investor, start now, be patient and continue investing step by step in a planned manner. This patience and time will bring great success.

[Cgrexp]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

[Yablee0]

I think people are being scared of buying bitcoin now probably they feel that the price of bitcoin is now expensive, I think it might be people who aren’t interested to invest bitcoin for a long term goal, who might be interested in quick profit in bitcoin, why should I feel that that the price of bitcoin is expensive when there is DCA for me to invest and continue accumulating constantly on weekly basis or monthly basis depending on when I have a discretionary income

Well is not their fault though many that does not understand Bitcoin potential will definitely feel such way not having interest and same time the price to high and stuff , most us here where once like them but thank God we where able to see the beauty of Bitcoin on time so that we can make good use of the opportunity. This is why advice or rather urge folks to always research more while accumulating Bitcoin it will strengthen them more and same time motivate them not to give up.

It's actually their fault if you consider all the facts, yes at some point in their lives they were not aware of bitcoin and the potential success they stand to gain from investing in it but then over time they learnt about bitcoin but are not refusing to invest because they don't think the price will get any higher than it already has believing any further investment to not be fruitful especially for new investors so for this reason they decide to not invest at all and when bitcoin eventually proves them wrong they usually start feeling bad but with every DIP they are like "I knew the price wasn't going to stay that high" it's definitely their fault for missing out on bitcoin, no investor should expect everything to be handed to them on a platter, progress takes time and effort, success in bitcoin investment doesn't come overnight, it takes patience and consistency for it to bloom and only those who waited with it will stand to gain at the end of the day.

Those who have not invested in Bitcoin in the past due to unknown or uncertainty. They are the ones who are not starting to invest yet under the pretext that the price of Bitcoin has increased and less Bitcoin is available for more money. This is their failure.Those who have been holding Bitcoin since 10 years ago, investing $20 or $30 a week regularly, now have more than 1 or 2 Bitcoin. They got hundreds of times more profit than their investment because they had been investing by following DCA from the beginning. But now if someone starts investing $200 or more every week regularly, it is still uncertain whether they will own a Bitcoin after ten years because the price of Bitcoin is currently very high and it will increase much more in the future. But  It would be a completely negative thought to think that Bitcoin cannot be invested now with less money. In fact, what is more important than how much Bitcoin we will have in the future is how many times more profit we will get from our investment in the future if we hold it for a long time like 10 year.Let's say someone starts investing $50 per week in Bitcoin for 10 years and in the future, as their discretionary income increases, they may continue to increase their investment. And in 10 years, Bitcoin will probably be worth 10 to 15 times more than it is now, resulting in a profit option of about 5 to 8 times more than his total investment, I think. So we should focus on how early we can start investing in Bitcoin and plan for it over the long term. This is the chance of success for us. So the important thing for us is how quickly we can start investing and how long we can continue it  with DCA.

This is the aspect of it all that glading my heart, and I choose to talk about this part because many folks keep procrastinating of investing in bitcoin long ago for that they fail to invest back then when bitcoin prize was very cheap and even more affordable but today they are in deep regret now that bitcoin is topping in the crypto space. However I don't think is a big deal because bitcoin is no were close to it peak, there are still better things ahead so it vital we all take a bold step and buy now even if it is bit by bit (DCA) according to your financial strength to enjoy it potentials ahead.


Another thing is that, we should not just invest in bitcoin but always invest with our discretionary funds and also setting up an emergency funds to backup your investment to enable you attain success in it.

[Princess Leah]

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

Thanks for correcting me on this Sir, I totally understand your point, we shouldn't make it seem as though holding for long period would always guarantee success cause there's still many downtrend on the long run and any slight mistake by investors could ruin the investment, I now understand that being the best or one of the best investment opportunity in recent time doesn't mean that investors should overlook the risk factors.

 I think hope is one of those things what's sustaining our investment cause if success is guaranteed like I thought then there would be no need to invest with the discretionary funds, one can just sacrifice their income for certain period with the idea that success is guaranteed in a certain period but that's not how it works, once again thanks for the corrections Sir I've taken note of it.

[Barikui1]

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

Thanks for correcting me on this Sir, I totally understand your point, we shouldn't make it seem as though holding for long period would always guarantee success cause there's still many downtrend on the long run and any slight mistake by investors could ruin the investment, I now understand that being the best or one of the best investment opportunity in recent time doesn't mean that investors should overlook the risk factors.

 I think hope is one of those things what's sustaining our investment cause if success is guaranteed like I thought then there would be no need to invest with the discretionary funds, one can just sacrifice their income for certain period with the idea that success is guaranteed in a certain period but that's not how it works, once again thanks for the corrections Sir I've taken note of it.

That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.

So in as much as we have faith in Bitcoin due to it  huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.

[Sticky Bomb]

Bitcoin really is a psychological game as much as it is a financial one. That ability to stay calm when the candles turn red, to zoom out when the noise gets loud, and to trust the fundamentals when doubt creeps in and  that is where real conviction shows......Scarcity, decentralization, and the consistent survival through every Bitcoin is dead headline......these are not just buzzwords, they are proof of a resilient system. But like you said, investing only what you can afford to lose is what separates thoughtful investors from emotional wrecks. It is not also about being fearless, it is  about being prepared. Patience and discipline are not optional in this game, they are  your armor......

The limited supply make it more scarce in future and that means there's good future will come on holders especially those accumulation made by lots of people including those institution and government doing it. So buy Bitcoin now and see what future would bring to you. Bitcoin long term investment is so simple and don't let other things make your life hard so accumulate and aim for long term.

I wouldn't subscribe to this because it is not entirely true. Bitcoin accumulation comes with lots of commitments, dedication and repetitive acts of discipline and consistency. Maintaining your buys flowing into your portfolio every supposed interval comes with lots of commitment to be that disciplined and sometimes you may tend to err, but quickly straighten yourself up that such commitment must be sustained. Holding for a long term requires a good deal of discipline, especially not to shave off quick profits when you start seeing them.

Furthermore doing the same thing over and over again can be boring at times, but we always remind ourselves we are doing this for our future and try our very best to remain steadfast. In the end, it is not so easy, but the routine starts getting easier as you start getting better at managing your cashflow and when the accumulation process has become a part of your life activities.

[Derekfunds]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

[Shadiq]

That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.

So in as much as we have faith in Bitcoin due to it  huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.

There are many reasons why we advise investing what we can afford to lose. One of them is that if you lose that money somehow, your life will not be ruined or your life will not be negatively affected. Because nothing is certain.
Another reason is not to worry too much about investments and not to panic in a bear market or not to get too excited during market volatility. Another reason is to leave it for the long term, which is only possible with unnecessary money or money that you can afford to lose.

Suppose you are investing with money that you are not willing to lose or necessary money. Then will you be able to keep yourself calm during market volatility? Will you be able to stay fearless in a bear market? Or will you be able to keep that money in investment for the long term? I will not say that these are impossible at all. But it is very difficult. When you are not ready to lose the money you have invested, it is very difficult for you to be fearless in a bear market, keep yourself calm during volatility and sustain your investment for the long term. So always invest money that is unnecessary and that you are ready to lose.

[Jostern]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

Having money and source of income is quite necessary to start investing in Bitcoin, but the most important thing as well is having a discretionary income, you might have money or a source of income and after paying your bills and your expenses which is a necessity and you might end up not having a discretionary amount to invest or continue accumulating Bitcoin, so as we’re having a discussion about having money and source of income, we should also understand that we need a discretionary income for our Bitcoin investments purposes, considering on a weekly or monthly basis,

I think Bitcoin didn’t just get to this level of being the best digital asset, by just mere coincidence or having faith like you think, I absolutely think it was part of hard work and dedication and smart thinking so for someone who is investing in bitcoin and wants to continue buying and accumulating bitcoin you will have to stay consistent in your accumulation and that is part of working smart, and knowing what to do at the right time and to stay consistent and focused in accumulating bitcoin now we know that buying bitcoin and to hodl for long term purpose is the most efficient way of investing.

[Regardme]

Many people delay making decisions due to fear of market fluctuations. But if someone starts investing in small amounts regularly with patience, their experience will gradually increase and at the same time, opportunities will be available to them. Those who are still in doubt should invest even in small amounts and also understand the basic things about Bitcoin and Blockchain. Because the more they know, the more courage they will have to make investment decisions. First, they will start investing in small amounts without making big decisions, which will reduce fear and build confidence. Bitcoin is a long-term journey. To succeed here, you need to keep knowledge, patience and regularity as your strength. So, it is not too late, if you have a very small amount of money left after excluding the necessary expenses, such as $ 10, it is better to start investing. This small step can bring them something big in the future.

Honestly, I get why people fear investing in Bitcoin it's mostly because they don't take the time to really understand it. Fear of market flunctuations is natural, especially for newcomers but the thing is most people are more motivated by the potential profits, the hunger for profit overshadows their interest to learn about the investment. They think throwing money in is enough but that's just the tip of the iceberg. To truly succeed you need to be all in putting in the work, be disciplined, resilient, and having a solid plan just to mention a few. When you combine all these elements, you're more likely to come out on top with long term holding mindset.

I agree with you that investing requires not only money, but also mental preparation, discipline and knowledge. The market will fluctuate. But an investor who invests with preparation and planning takes these fluctuations as an opportunity to learn and profit. Regularity is the greatest virtue of investing. Regular investment brings strong results in the long run. With patience and consistency, you can reach your goal even if you start with $10.

Yes money and understanding are the main principal things in Bitcoin because for you to invest you must have money which is  a source of income and for you to invest that money in Bitcoin you need to have an understanding of how it works and how to go about it. Over the time I realized the problem most persons have in Bitcoin investment is lack of faith, some don't believe Bitcoin has come to stay and this kind of mindset or believe can affect the way one observe and invest in Bitcoin, some people believe in Bitcoin but they are not consistent with their accumulation, if only we can picture or see what Bitcoin holds in the future we wouldn't joke with our investment.

You’re right about money and understanding being the key to bitcoin investment, but you also need to understand that having a discretionary income is essential as it will help you keep up with accumulation of Bitcoin. Having money and having money for investment is two different things, you can have money which might not be enough for investing in bitcoin. Talking about understanding, I think one of the things to understand is that discretionary income should be considered when investing in Bitcoin at all time.

I think Faith isn’t a prerequisite for investing in bitcoin because emphasizing bitcoin potentials without acknowledging its risk factors portrays an incomplete picture. Bitcoin price swings can be brutal, the risks are high like volatility and regulatory changes, so we’re always advised to invest only money that we can afford to lose and that’s the more reason why considering having discretionary income is essential. This comes after all your essential needs and bills are being paid for, then you can invest with what’s left in your discretionary income. You just need to align with your financial goals and risk tolerance, then have confidence in Bitcoin potentials.

[Frankolala]

Bitcoin long term investment is so simple and don't let other things make your life hard so accumulate and aim for long term.

It might seems easy for you because you're already in the game and have the knowledge and experience of investing into bitcoin. For new investors who just want to get started is not easy, because they need to check out how much is their discretionary income and if they have, how much can they use to invest in bitcoin and hodli for long-term. How will they buy bitcoin, if it's from an exchange or from a friend. If it's from a friend, which kind of wallet to use and how to be on self custody of their bitcoin.

How the new investor will continue to accumulate bitcoin and be consistent if he does not have a discretionary income that can enable him invest regularly and keep his DCA ongoing. If he does not have a good cash flow management, he has to learn and practice it with discipline and patience. He needs to learn how to avoid actions that will make him not sell his bitcoin when it's not of his will and many more.

All these will be learned along the line as he's investing before after a few years of experience, it can become easy for him because he has understand, have more knowledge and experience in bitcoin investment. Some newbies in the beginning mess up with their bitcoin accumulation and start all over again before they became strong. Building wealth is not easy at all, because we have some challenges that will want to be a set back for us.

Starting your bitcoin investment, build and grow your bitcoin portfolio in a long term and hodli is not so simple as you put it, because any wrong actions might lead to losses.

[Kelward]

You will only feel that way if you are considering to trade your Bitcoins. Also its so hassle to deal with many sentiments and market movements that's why its actually not idea to trade you Bitcoins because its risky to do this actions or decisions.

With different stances in a same market, and even with same capital spent in a same market, you will have different ways to go as either an investor or a trader with long term or short term strategy. Hence, your psychology with your position would be very different as well, and unfortunately it decides your actions and how you deal with the market.

If you have short term vision, short sighted plan, you will be affected by news, FUDs, and market volatility and it in turn increases your mistakes in action. Oppositely, if you have long term vision and corresponding plan, you will almost not be affected by news, FUDs, and short term volatility so you will have stronger hands to hold your bitcoins for a long time and wait for great profit.

Trading bitcoin in a short-term context is certainly not recommended. Because as you said, short-term bitcoin traders or holders are easy to be swayed or affected by negative news about bitcoin or by price fluctuations. So with this, I also feel that being a trader in bitcoin is certainly not an option, but only a trap. Because of course there are a lot of traders who experience losses, even though bitcoin is traded. In addition, sometimes even long-term bitcoin investors, not a few are late by negative news about bitcoin, so if we see about this, of course the traders will be more vulnerable to being disturbed. So with this, it is better for us to be patient with long-term investments, rather than having to speculate or trade and having to sacrifice our money. So don't let us be made with instant results, because of course it is not healthy.

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

[Cgrexp]

Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.

Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor.  It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.

Thanks for correcting me on this Sir, I totally understand your point, we shouldn't make it seem as though holding for long period would always guarantee success cause there's still many downtrend on the long run and any slight mistake by investors could ruin the investment, I now understand that being the best or one of the best investment opportunity in recent time doesn't mean that investors should overlook the risk factors.

 I think hope is one of those things what's sustaining our investment cause if success is guaranteed like I thought then there would be no need to invest with the discretionary funds, one can just sacrifice their income for certain period with the idea that success is guaranteed in a certain period but that's not how it works, once again thanks for the corrections Sir I've taken note of it.

That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.

So in as much as we have faith in Bitcoin due to it  huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.

Risk management is important in investing. I agree with you that nothing is 100% certain. None of our lives are based solely on investment. Everyone has a family, needs money for daily expenses, education, health, etc. If we spend all our money solely on investment, then we will have no choice if we face any problem. If we are at the stage of accumulating Bitcoin, we should evaluate where we are in terms of discretionary income. Because for the survival of investment, it is important to have a strong financial base. If the financial base is not strong, there will be no security for basic living expenses, due to which it will not be possible for us to continue investing in the long term. A part of the discretionary income that will not affect our normal life even if lost, should be invested with that part. If we pour all the money into investment without any emergency financial plan, we may end up in a situation where we have to sell it. Therefore, by calculating, keeping emergency expenses and risk management in mind, will it be fruitful in the long run.

[Bluedrem]

I agree with all of this, while at the same time, seats will come available as the price goes up, but yeah at the same time, if the price did not go up enough, then some of those seats will still not come available and people surely can choose whether or not to give up some seats, even if they know that they are limited.. and yeah, if they are holding 100 chairs but they only need 1 or 2 or 10, they may well be willing to give up 5 of their chairs at $115k, and then perhaps another 3 chairs at $173k and another chair or two at $276k.. .. so they might not even realized that they were holding so many chairs until at some later point down the road.. and surely there are some guys with 1,000s of chairs...

Dear JJG, as you said, after an investor reaches his investment limit, he can sell some parts of the chair at different prices. For example, you said to give up some at $115,000 and then give up some when it goes above $170,000.
Now my point is, if they don't need the money at that moment, why would they break the chair's foundation?
If he breaks it without need, he might invest that money in some other sector or he might use the money unnecessarily [which only makes his strong base unstable]. Now, let's say he breaks his Bitcoin stock and converts it into leaves (which can turn into ashes) or invests it in some other sector, will it be more profitable than Bitcoin? Can it protect a person's money from inflation better than Bitcoin?
No matter what people say, I still consider Bitcoin to be the safest asset. Because I know its specific amount [if there are only 100 apples in the world and someone or some group keeps two, three or five apples for themselves, it must be valuable] then why should I sell my apples and go buy oranges whose amount in the world no one knows.
Yes, a person can sell his Bitcoin after having saved enough when he needs a house or a new car for urgent transportation.
Again, if he retires and later there is no profit from all the sectors he invested in other than Bitcoin and the emergency fund runs out, then he can sell some of his previously created Bitcoin collection to survive.
But without the need for money, I will never encourage a person to sell Bitcoin even if he has achieved his target amount of Bitcoin and there is a sufficient amount of profit.
He/She should be careful with Bitcoin because Bitcoin is still protecting his assets from inflation in these unstable times in the world.
My message to people would be-
Spend only what you need, not more.
You go to your destination quickly but don't have an accident.
You should go down if necessary, but not in a rush, as this may require an MRI.
Be cheerful, not over crazy.

[Cpt_reader]

I agree with all of this, while at the same time, seats will come available as the price goes up, but yeah at the same time, if the price did not go up enough, then some of those seats will still not come available and people surely can choose whether or not to give up some seats, even if they know that they are limited.. and yeah, if they are holding 100 chairs but they only need 1 or 2 or 10, they may well be willing to give up 5 of their chairs at $115k, and then perhaps another 3 chairs at $173k and another chair or two at $276k.. .. so they might not even realized that they were holding so many chairs until at some later point down the road.. and surely there are some guys with 1,000s of chairs...

Dear JJG, as you said, after an investor reaches his investment limit, he can sell some parts of the chair at different prices. For example, you said to give up some at $115,000 and then give up some when it goes above $170,000.
Now my point is, if they don't need the money at that moment, why would they break the chair's foundation?
If he breaks it without need, he might invest that money in some other sector or he might use the money unnecessarily [which only makes his strong base unstable]. Now, let's say he breaks his Bitcoin stock and converts it into leaves (which can turn into ashes) or invests it in some other sector, will it be more profitable than Bitcoin? Can it protect a person's money from inflation better than Bitcoin?
No matter what people say, I still consider Bitcoin to be the safest asset. Because I know its specific amount [if there are only 100 apples in the world and someone or some group keeps two, three or five apples for themselves, it must be valuable] then why should I sell my apples and go buy oranges whose amount in the world no one knows.
Yes, a person can sell his Bitcoin after having saved enough when he needs a house or a new car for urgent transportation.
Again, if he retires and later there is no profit from all the sectors he invested in other than Bitcoin and the emergency fund runs out, then he can sell some of his previously created Bitcoin collection to survive.
But without the need for money, I will never encourage a person to sell Bitcoin even if he has achieved his target amount of Bitcoin and there is a sufficient amount of profit.
He/She should be careful with Bitcoin because Bitcoin is still protecting his assets from inflation in these unstable times in the world.
My message to people would be-
Spend only what you need, not more.
You go to your destination quickly but don't have an accident.
You should go down if necessary, but not in a rush, as this may require an MRI.
Be cheerful, not over crazy.

I think he meant to explain the tension of the people. Here the tension of the holders will be less. Those who have been holding Bitcoin for 10-12 years, if they sell some amount, they will no longer have any worries. They may think in their minds that if the market crashes or goes into a heavy down or if the global economy is at risk for various reasons, then the price of Bitcoin will decrease. They may think in their minds, so when they meet their needs with some money and buy a car, house or something else, then if the price decreases, they will not regret it and if it increases, then it is even better. Here he said that if you sell 5 to 10 chairs out of 100 chairs, there is no harm in doing so. This will meet their financial needs. It is natural for those whose portfolio has become heavy to sell some of them. But whatever I say, Bitcoin has huge potential. I just found out a while ago that Brazil to hold first Bitcoin strategic reserve hearing on August 20th.

[kanftka]

You will only feel that way if you are considering to trade your Bitcoins. Also its so hassle to deal with many sentiments and market movements that's why its actually not idea to trade you Bitcoins because its risky to do this actions or decisions.

With different stances in a same market, and even with same capital spent in a same market, you will have different ways to go as either an investor or a trader with long term or short term strategy. Hence, your psychology with your position would be very different as well, and unfortunately it decides your actions and how you deal with the market.

If you have short term vision, short sighted plan, you will be affected by news, FUDs, and market volatility and it in turn increases your mistakes in action. Oppositely, if you have long term vision and corresponding plan, you will almost not be affected by news, FUDs, and short term volatility so you will have stronger hands to hold your bitcoins for a long time and wait for great profit.

Trading bitcoin in a short-term context is certainly not recommended. Because as you said, short-term bitcoin traders or holders are easy to be swayed or affected by negative news about bitcoin or by price fluctuations. So with this, I also feel that being a trader in bitcoin is certainly not an option, but only a trap. Because of course there are a lot of traders who experience losses, even though bitcoin is traded. In addition, sometimes even long-term bitcoin investors, not a few are late by negative news about bitcoin, so if we see about this, of course the traders will be more vulnerable to being disturbed. So with this, it is better for us to be patient with long-term investments, rather than having to speculate or trade and having to sacrifice our money. So don't let us be made with instant results, because of course it is not healthy.

Yeah bro, facts… but what really needs to be hammered into people’s heads is that DCA is literally the cheat code most folks overlook.

The fact that there’re people out there thinking they can predict the next move of Bitcoin like they’re in some video game is crazy, trying to catch the top, sell the bottom, long here, short there… meanwhile they don’t realize they are just burning themselves out mentally and financially. Bitcoin is not a play ground.. One wrong move and boom your hard earn capital is gone.

But DCA? That is peace. That is freedom. You even don’t have to stress about what the market is doing today, tomorrow, or next week. You’re just stacking. Whether it’s once a month, twice a month, or every week, you’re building your position bit by bit, without letting emotions or hype mess with your head.

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

[Sim_card]

We cannot say that trading Bitcoin is not an option that it's a trap, I think that ideology is misleading, what we can say is that trading Bitcoin on the short term is not for everybody because it is volatile therefore risky. There are professional traders that are making profit on the short term, trading is something that requires learning the skills to be profitable and minimize loses. It should be noted that if you don't diligently learn the technicalities and fundamental analysis of trading before engaging in it you're just gambling your funds which is very risky.

On the other hand investing in Bitcoin for the long term will make you to be profitable because it has the potentials to always reach ATH. Long term Bitcoin holders are not bothered about short term dump and pump, it doesn't stop them from buying and continue buying because if it dip it will recover and rally. On the long term you will get ROI on your capital that is why it is safer than trading.

Are you hyping trading or what because it's a path to losses. Newbies should not think of trading, it is a wrong path to follow if you want to pile up wealth for your future through bitcoin investment. Only think of long term holding and build your portfolio gradually based on whenever your discretionary income is available.

The reason why long-term investment is the best is because you wouldn't have unexpected losses and save the value of your funds from depreciation, because bitcoin is a store of value in the long run. When you involve in trading, you limit yourself the chances of using your discretionary wisely to invest in bitcoin for a better future. Unexpected losses will be the order of the day and will be left with little bitcoin in future because traders run at loss in the long run.